Jack Donnell, Prime360 CEO, said, “I am thrilled about this partnership and what it means for both the Prime360 customers and our employees. The union of 48forty and Prime360 will ensure continued excellence in our total pallet management and brokerage services and will bolster our ability to be forward-focused on innovation and sustainability. The complementary nature of this acquisition allows these amazing companies to continue to improve and expand the way we manage pallet services for retailers and manufacturers across the country.”
For over a year now, COVID-19 has wreaked havoc on our economy and destabilized the structures that keep our nation afloat. The supply chain sphere has been no exception; indeed, it is perhaps the most heavily impacted industry yet. The demand for pallets reached an all-time high in 2020 as stay-at-home orders encouraged e-commerce and skyrocketed shipments of products like groceries, medical supplies, and cleaning products. Meanwhile, key interrelated industries dealt with blows of their own. What resulted was a perfect storm that made pallets scarce and their prices steep, where they continue to be to this day.
“RESTORE OUR EARTH”— The theme of this year’s Earth Day is dedicated to celebrating innovative, green technologies, supporting conservation initiatives, and learning how each one of us can better contribute to the fight against climate change, one of the greatest challenges we as humans face today.
Nearly every product you see today, no matter where in the world you are, has been transported on a pallet at some point in their journey to the consumer. They are the indispensable backbone of the supply chain, carrying as much as 80% of U.S. commerce overall. The outbreak of COVID-19 brought with it massive demand shifts, resulting both from the sudden necessity of essential goods as well as increased interest in particular markets stemming from stay-at-home orders and work from home practices.
Having an efficient supply chain is key to any business, being the avenue through which your products reach their intended customers. But overseeing this supply chain to ensure it is running smoothly at all times can be a large and laborious task. For many business owners, it is simply a thorn in their sides. Total Pallet Management, or TPM, is an end-to-end service that undertakes the handling of every aspect of the supply chain for you. If you’re unfamiliar with TPM, however, you may wonder what might necessitate the use of such a comprehensive service.
Total Pallet Management, or TPM, is a program in which a provider oversees a customer’s entire pallet operation. At Prime360, we use our expertise to provide comprehensive, customized TPM services for our customers, allowing us to reduce costs, increase efficiency, and improve sustainability. Inventory, transportation, labor, quality, scrap management, and more— Total Pallet Management service is our avenue to optimizing your supply chain at every level.